Polymetal International (LON:POLY)‘s stock had its “buy” rating reiterated by equities researchers at UBS Group in a research report issued to clients and investors on Tuesday, investing.thisismoney.co.uk reports. They presently have a GBX 1,000 ($13.07) price objective on the mining company’s stock, up from their previous price objective of GBX 950 ($12.41). UBS Group’s price objective suggests a potential upside of 17.48% from the stock’s current price.
A number of other brokerages have also recently commented on POLY. JPMorgan Chase & Co. lifted their price target on Polymetal International from GBX 930 ($12.15) to GBX 940 ($12.28) and gave the stock a “neutral” rating in a research report on Wednesday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 800 ($10.45) price target on shares of Polymetal International in a research note on Tuesday, October 30th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Polymetal International in a research note on Wednesday, October 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 879.29 ($11.49).
LON POLY opened at GBX 856.20 ($11.19) on Tuesday. Polymetal International has a 1 year low of GBX 729.60 ($9.53) and a 1 year high of GBX 1,367.91 ($17.87).
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, and Armenia. The company explores for gold, silver, copper, zinc, and platinum group metals. Its flagship project is the Amursk POX hub situated in the Khabarovsk Territory, Russia. The company was founded in 1998 and is headquartered in Saint Petersburg, Russia.
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